In the early 1930s, the Texas Co., later Texaco (now Chevron) developed the first mobile steel barges for drilling in the brackish coastal areas of the Gulf of Mexico. Our Gulf of Mexico business unit (GOMBU) is headquartered in Covington, Louisiana, and maintains a significant presence in Houston, Texas. It bought $3.75 billion worth of wells, platforms, and other assets spread out over 1.9 million acres in the Gulf of Mexico from Apache, one of the country's biggest energy explorers. For the latest figures, view the 2022 Supplement to the Annual Report. Extreme depths, cold water, crushing pressure and challenging currents. The project will be in the Mississippi Canyon area in around 6,600 feet (2,000 m) of water, about 160 miles (260 km) southeast of New Orleans. Words or phrases such as anticipates, expects, intends, plans, targets, advances, commits, drives, aims, forecasts, projects, believes, approaches, seeks, schedules, estimates, positions, pursues, may, can, could, should, will, budgets, outlook, trends, guidance, focus, on track, goals, objectives, strategies, opportunities, poised, potential, ambitions, aspires and similar expressions are intended to identify such forward-looking statements. The business units purview includes the Permian Basin, one of the most prolific oil and natural gas geologic basins in the United States. 2001 2023 Chevron Corporation. 6301 Deauville Boulevard We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements. executive summary climate change resilience report, new energies: growing our lower carbon businesses, chevron opens second CNG station in california, chevron reaffirms higher returns, lower carbon objectives, chevron announces lower carbon LNG fleet modification project with sembcorp marine, chevron signs MOU with Egypt on methane management. The St. Malo Stage 4 waterflood project includes two new production wells, three injector wells and topsides water injection equipment at the St. Malo field. Denver, CO 80202, Colorado Media and Information Requests We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. Malo, which began producing in late 2014, new technologies led to developing reservoirs once thought unreachable. Chevron has always put people at the center of the energy conversation. Midland, TX 79706, U.S.A. With regional headquarters in Denver, Chevrons oil and natural gas operations are primarily in the Denver-Julesburg (DJ) Basin a large geological formation in northeastern Colorado and southeastern Wyoming. Calgary, AB T2P 0L7 In partnership with Project Lead The Way, Chevron is providing students in New Orleans, Louisiana, with an innovative curriculum and resources to enable them to actively engage in STEM concepts through robotics competitions, engineering design challenges and 3-D Computer-Aided Design software. They always set a very positive tone of best practices, highest standards. The Genesis production facility is moored in 2,600ft of water. Our strong results come from empowering our people. The front-end engineering (FEE) included the preparation of installation plans, electrical lines, equipment arrangement and cost estimates. Chevron Mid-Continent ""@type"": ""Organization"", The company provided various development options for the field. "@type": "Organization", With more than 200 BOE in recoverable resources and a tension-leg platform (TLP) believed to be the deepest of its kind in the world, the field is expected to bolster the company's deepwater portfolio. With innovative technology, a skilled workforce and decades of experience, our efficiencies in extracting resources have made us one of the largest liquids producers in the United States. September 27, 2022, by Nermina Kulovic. Malo and Tahiti. It features various oil and gas processing systems including gas compression, oil and water treatment, and export and utility systems. 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); The 4,000t North Module was installed at the end of November 1998. 500 - 5th Avenue S.W. redefining what is possible. All platforms existing in the database are included. The Big Foot oilfield is situated on the Walker Ridge Block 29 in the Gulf of Mexico. In January 2011, KBR was awarded another contract for providing the detailed design for the topsides of the Big Foot ETLP. Malo, Tahiti and Blind Faith while also holding an interest in the Mad Dog, Tubular Bells, Caesar/Tonga and Perdido fields. The platform is held in place with a 14-point mooring system. Moored in the Gulf of Mexico about 225 miles south of New Orleans, the Big Foot platform was originally scheduled to go into . A cleaner-burning and efficient energy source, natural gas now accounts for about 22 percent of the worlds energy supply. Applying our heavy oil technologies, we aim to recover billions of barrels already discovered, yet historically beyond reach. Malo, Find more details on our Gulf of Mexico operations, Learn more about Mid-Continents operations and production, Read more details on San Joaquin Valleys operations and production. Chevron chairman and CEO Mike Wirth said that the company hopes to reach 1 MMboe/d of production in the Permian Basin by 2025 before plateauing at approximately 1.2 MMboe/d. Our primary focus areas are improving the quality of education, especially science, technology, engineering and math (STEM); promoting economic growth, and creating healthier communities. Platforms in the Gulf of Mexico Map Updated 4/1/2021 8:02:13 AM Identifies the location of platforms in GOM. In May 2011, Baker Hughes was contracted to provide electrical submersible pumping systems for the fields production wells for enhanced recovery of hydrocarbons. }, in Texas and New Mexico, the DJ Basin in Colorado and the Duvernay Shale in Alberta, Canada. The project was sanctioned by Chevron in December 2010 and construction works commenced in 2011. In October 2009, Enbridge signed a letter of intent with Chevron, Statoil and Marubeni to build and operate the Big Foot oil pipeline from the Big Foot field. The second stage of this project continues Chevrons commitment to Angola. In 1997, the subsea templates were put into place and the mooring foundation piles were driven into the seabed. The 40 mile-long pipeline is located approximately 170 miles south of the Louisiana coast and lies in water depths of up to 5,900ft. GE Oil & Gass Drilling & Production division was awarded a $45m contract in July 2011 to supply marine riser tensioner system for the ETLP. Malo at a Glance We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. Since 1988, Chevron has sponsored Rebuilding Together New Orleans October Build, an effort to restore and renovate homes in the region. Drilling for oil also increased by 16 units, to 409. We are developing new deepwater projects, as well as taking steps to increase production from Jack/St. "At our onshore locations, we are following our storm preparedness procedures and are paying close attention to the forecast and track of the system", Chevron said on Thursday. Malo, Executive Director, Greater Lafourche Port Commission. The facility was built in Asia, while integration was performed in the US. Cloud in Oil & Gas Filings Trends Q3 2022, Whos saying what? More information about Chevron is available at www.chevron.com. 1 well was successful - but was wiped off its pilings by a hurricane in 1940. Malo, Tahiti, Blind Faith, Caesar/Tonga, Tubular Bells and Mad Dogfields and the Perdido Regional Development. Shell and Chevron both said on Thursday that the companies halted oil production at several platforms in the Gulf of Mexico following a small leak that knocked a pair of pipelines offline.. Chevron owns a 50% interest in the field while Maersk and Statoil hold 25% each. Gas will be exported through a 12in, 12-mile gas pipeline. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the companys products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the companys global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the companys suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the companys joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the companys operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the companys control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the companys future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the companys ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading Risk Factors on pages 20 through 25 of the company's 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. The Big Foot oil field is one of the largest and deepest oil fields in the Gulf of Mexico. The platform's piled tower design gives the whole structure a height . Chevron (60%), Statoil (27.5%) and Marubeni Oil & Gas (12.5%). Download the Permanent Platforms Raw Data ""@type"": ""WebPage"", FloaTec is a contractor for the ETLP and conducted model tests of the ETLP, which indicated that it would be able to withstand a 1,000-year hurricane. The first production well was spud in July. The fabrication contract includes mechanical completion, commissioning, loadout and tiedown. Kasawari Gas Development Project, Sarawak, Malaysia, Kristin South Phase One Project, Norwegian Sea, Norway, Offshore Technology Excellence Awards Report 22, Whos saying what? Malo, Chevron's signature deepwater project in the Gulf of Mexico. Big Foot is one of Chevron's major capital projects in the deepwater U.S. Gulf of Mexico. If you're looking for tall oil rigs, look no further than the Gulf of Mexico where you'll find the Chevron-operated Petronius. A multitude of new technologies were deployed to safely develop and deliver production. The Petronius field is located in Viosca Knoll, block 786, approximately 130 miles (208km) south-east of New Orleans. The Chevron Petronius platform (a deep water CT) is a crude oil and natural gas platform in the Gulf of Mexico, which stands 2,000 ft above the ocean floor and the structure is partially supported by buoyancy. BP has said its existing Gulf of Mexico fields can break even with crude prices in the low-$30s, making it some of the lowest-cost oil in the world to produce. Our operations in the Permian date to 1926, and we are one of the biggest producers in the region. It all needs to add up: what makes a credible corporate climate pledge? For the latest figures, view the 2022 Supplement to the Annual Report. It operates at a depth of 1,585m and has a production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day. Development incorporating integrated pipeline infrastructure in the Mustang area improves both cycle times and capital efficiency. 2001 2023 Chevron Corporation. We are a leader in applying new technologies to tap into the oil that lies deep beneath the ocean floor. Work under the contract included development of the process design of the facility, structural analysis, and layout. Chevron has contracted Wood to deliver engineering design for its Anchor deepwater development in the Gulf of Mexico. Prior to loadout, the drill / utility deck was cut into two pieces (between truss rows one and two) to facilitate movement. coloradoinfo@chevron.com pdf opens in new window. Inland water activity lost 2 rigs, with 13 still working. Industrial solutions for power generation, Keppel, Dalian and Saipem major contributors to oil and gas contracts in 2022, Missing in action: the new issue of Offshore Technology Focus is out now, One year on: How the Russian war has affected its exports, China Gas signs two LNG deals with Venture Global, Enis annual profits surge to 13.3bn due to higher energy prices, Equinors annual operating profit surges to nearly $75bn, TotalEnergies annual profit doubles to $36.2bn, A tale of two COPs: Connecting climate and biodiversity, Floating wind: Time to turn expertise into action in deeper waters. }, Chevron has implemented a suite of breakthrough technologies in some of the world's most complex reservoirs. A detailed design contract for the Big Foot pipeline was awarded to Foster Wheeler in March 2011. The Chevron-operated offshore field produced its first oil in November 2018. U.S. oil rigs fell eight to 592 this week, their lowest since September, while gas rigs rose three to 154. Among the programs we support are: Take 2, which provides job training to low-income residents of Midland and Odessa, Texas; and a Fab Lab at Odessa College, which supports STEM education, workforce development and business idea prototyping. We have extensive acreage in areas with these types of formations, including the Permian and Denver-Julesburg (DJ) basins in the United States and the Duvernay Shale in Canada, and our production is growing. For more than a century, Chevron has played a major role in helping meet North Americas energy needs finding and producing crude oil and natural gas from beneath the waters of the Gulf of Mexico, from the tight rock of Texas, Colorado and Alberta, and from the fields of central California. We apply advanced technologies and drilling efficiencies to safely develop resources from the Permians unique geography. KBR also determined the equipment required for the facility and designed the power generation and distribution system. The Big Foot Field is estimated to contain total recoverable resources in excess of 200 million oil-equivalent barrels. The project is designed to lower development costs by using a subsea tieback approach, standardized equipment and repeatable engineering solutions leveraging existing operated infrastructure.. } ""headline"": ""virtual offshore experience"", Since 2010, we have invested millions of dollars in local programs focusing on STEM education, economic development, health programs, and civic engagement benefitting thousands of people in Kern, Fresno and Monterey counties. transcript available Chevron has always put people at the center of the energy conversation. 2001 16th Street, Suite 900 Chevron volunteers support a large number of civic and charitable programs and partnerships along the Gulf Coast. Telephone: 661-654-7411. We have exciting capital projects that use innovative technology designed to provide decades of energy. Offshore operations are also supported by onshore facilities located across southeastern Louisiana and in Mississippi. For more than 20 years, weve been operating one of the worlds deepest supergiant oil fields and supporting local communities in Kazakhstan. Its been said that humans know more about the surface of the moon than about the surface of the ocean floor. }); Chevron resumes operations at Gulf of Mexico platforms September 29, 2022, 8:46 AM Sept 29 (Reuters) - Chevron said on Thursday that it is redeploying personnel and resuming normal. At Chevron, were experts at extending the life of what we haveour base businessto help fund future energy developments. executive summary climate change resilience report, new energies: growing our lower carbon businesses, read about our support for education programs. Subscribe to our newsletter to receive news & updates. Cautionary Statement infographic downloads pdf Jack/St. Chevron is developing the latest technologies to find and deliver the energy that fuels human progress from many sources and help meet future energy demand. The first stage of the Anchor development comprises building a semi-submersible floating production platform and drilling seven wells. Bakersfield Energy Center Experts agree - easy oil is gone. The Genesis topsides were fabricated as two units: the production deck and the drill / utility deck. Through contributions, sponsorships, in-kind donations, partnerships and volunteerism, we seek to make a difference in Colorado and our Weld County communities.